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Chain discount: series of discounts or when more than one discount is given – a discount on an already discounted price.

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Presentation on theme: "Chain discount: series of discounts or when more than one discount is given – a discount on an already discounted price."— Presentation transcript:

1 chain discount: series of discounts or when more than one discount is given – a discount on an already discounted price

2 Does this mean 70% off? –no 35% discount is deducted from the retail price to yield first net price Then, 20% is deducted from first net price to yield second net price Then 15% is deducted from the second net price to yield final net price For chain: 35% less 20% less 15% or 35/20/15

3 Retail price is $400. Chain discount is 30% less 25%. Find the first net price –Dollar Discount = X = –First Net Price = - = Final net price –Dollar Discount = X = –Final Net Price = - = For Example

4 Chain Shortcut Formula Retail Price x (1 – 1 st discount) x (1 – 2 nd discount) Example List Price of $200. Chain discount is 15% less 25% Net Price: x X = –$200 x (1-.15) x (1-.25) –$200 x (.85) x (.75) –Answer = $ Make it simple

5 The Green Lawn Corporation produces a lawn mower, which is priced at $695. A new model is ready for production, so the old model is to be discontinued. Green Lawn is offering a chain discount of 20% then 10% (20/10). What is the final net price of the old lawn mower? Putting it together

6 You get a coupon in the mail for 40% off of a pair of shoes that are already 25% off. The shoes are $50. What would your final cost for the Shoes be? Example: Net Price: x X =

7 Try: $895 with 20/10/35 discount Net Price: x X X =

8 The football stadium sold a total of 15,500 tickets, of those tickets 25% were sold to women. Of the tickets sold to women, 50% of them were sold at a discounted price. How many women purchased discounted tickets? Remember to round up to the nearest whole number 15,500 x.25 = x.50 = 1938 Figure this…


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